|
|
Article: Sony Corporation of America Announces Agreement to Acquire Etak, Inc., Leading Developer of Digital Maps for Car Navigation Systems.
- Article from:
- Business Wire
- Article date:
- May 13, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK--(BUSINESS WIRE)--May 13, 1996--Sony Corporation of America announced today it has agreed to acquire Etak, Inc., a leading worldwide developer of digital map data, based in Menlo Park, Calif.
Etak, Inc. is a wholly-owned indirect subsidiary of The News Corporation Limited. Terms of the transaction were not disclosed. Sony said it expects the acquisition to be effective following the conclusion of customary government reviews.
"Strategically, this acquisition provides Sony with Etak's tremendous expertise in digital mapping and navigation software to partner with Sony's mobile navigation hardware," said Ted Kawai, Deputy President, Sony Corporation ...